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Discussion :: Profit and Loss

  1. The marked price of a radio is Rs 480. The owner allows a discount of 10% and still earns the profit of 8%. If no discount is allowed, find his gain percent?

    2. A.
    25%
    B.
    12%
    C.
    15%
    D.
    20%

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    Answer : Option D

    Explanation :

    Marked price= 480
    The shopkeeper allows a discount of 10%, so, the Selling price will be= 480 * 90/100 = 432.

    And the profit is 8%.

    Apply formula:

    C.P = (100/ (100 + p %))* S.P

    C.P = (100/108) * 432
    C.P = 400

    If the discount is not allowed:
    Let Profit= P%

    S.P = Marked price = 480, and C.P = 400
    Profit = S.P - C.P

    Now, apply formula:

    P% = (Profit/C.P) * 100

    So, gain % = ((480-400)/ 400) * 100
    = 80/4 = 20%

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